E-Power Resources Inc announced a non-brokered private placement comprised of up to 1,250,000 non-flow through units at a price of CAD 0.40 per non-flow through unit for the gross proceeds of CAD 500,000 and up to 3,260,869 flow through units at a price of CAD 0.46 per flow through unit for the gross proceeds of CAD 1,500,000 for the aggregate gross proceeds of CAD 2,000,000 on March 3, 2023. Each unit will consist of one common share of the company and one common share purchase warrant. Each flow-through unit will consist of one common share to be issued as a flow-through share and one half of one warrant.

Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.60 for a period of 24 months following the closing date of the Non-FT Offering. The transaction is expected to close on March 31, 2023.